J. Safra Sarasin Holding AG Makes New $2.61 Million Investment in Kellanova (NYSE:K)

J. Safra Sarasin Holding AG purchased a new stake in shares of Kellanova (NYSE:K) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 32,236 shares of the company’s stock, valued at approximately $2,610,000.

A number of other large investors have also recently bought and sold shares of the business. Stonebridge Financial Group LLC bought a new position in shares of Kellanova in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new position in Kellanova in the 4th quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in Kellanova in the 4th quarter worth $32,000. Flagship Wealth Advisors LLC acquired a new position in Kellanova during the 4th quarter worth $32,000. Finally, First Horizon Advisors Inc. boosted its holdings in Kellanova by 64.8% during the fourth quarter. First Horizon Advisors Inc. now owns 440 shares of the company’s stock valued at $36,000 after acquiring an additional 173 shares during the period. 83.87% of the stock is currently owned by institutional investors.

Kellanova Trading Down 0.0 %

Shares of K opened at $82.35 on Tuesday. The stock has a 50 day simple moving average of $82.36 and a 200-day simple moving average of $81.54. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29. The stock has a market cap of $28.43 billion, a PE ratio of 21.28, a PEG ratio of 4.21 and a beta of 0.34. Kellanova has a 1 year low of $55.96 and a 1 year high of $83.22.

Kellanova (NYSE:K) last issued its earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.31 by $0.61. Kellanova had a net margin of 10.53% and a return on equity of 37.25%. On average, sell-side analysts predict that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Monday, March 3rd. Kellanova’s dividend payout ratio (DPR) is currently 58.91%.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $82.23, for a total value of $9,422,160.09. Following the completion of the sale, the insider now owns 48,191,195 shares in the company, valued at approximately $3,962,761,964.85. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 1,260,413 shares of company stock worth $103,737,719 in the last three months. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on K. StockNews.com initiated coverage on Kellanova in a research report on Monday. They set a “buy” rating for the company. Royal Bank of Canada lowered shares of Kellanova from a “moderate buy” rating to a “hold” rating in a research report on Friday, March 14th. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $77.96.

Kellanova Profile

Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.